Evaluate the expected performance of Pan American Silver (PAAS) for the quarter ended December 2025, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Pan American Silver (PAAS) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Pan American Silver trades at a valuation discount as strong silver output, rising prices and the MAG Silver deal fuel growth momentum and long-term upside.
Pan American Silver Corp. is well-positioned to benefit from sustained high gold and silver prices, with a buy rating assigned. PAAS's conservative fair value scenarios suggest 100%-200% upside, even with a drop in precious metals prices. Short-term, PAAS appears overbought, but long-term fundamentals and structural precious metals demand support continued appreciation.
Pan American Silver Corp. (PAAS) is downgraded from Buy to Sell due to stretched valuations and heightened downside risk in precious metals. PAAS trades at 17.5x 2027 EPS estimates, well above peers like Newmont, with elevated EV/sales and a "D" Quant Valuation Grade. Current precious metals prices are incredibly overbought historically; a severe correction could lead to 50% or greater downside for PAAS.
Pan American Silver (PAAS) closed at $65.92 in the latest trading session, marking a +2.5% move from the prior day.
In Q3, Pan American Silver generated record free-cash-flow of $251.7 million, or an estimated $0.57/share, easily covering the quarterly dividend of $0.14/share. Yet that was based on realized prices for silver and gold of $39.08/oz and $3,479/oz, respectively, both of which have skyrocketed since then. The TTM P/E=37.3x and the forward P/E is roughly the same as the S&P 500, and neither appears to fully value the increase in the price of silver and gold.
Pan American Silver and SSR Mining are benefiting from higher silver and gold prices, rising production and acquisitions, but differ on valuation, assets and operational risks.
PAAS posts an 8% y/y jump in 2025 silver output to 22.8 Moz, with record Q4 volumes from Juanicipio and production landing within its guidance.
Pan American Silver Corp. (TSX:PAA, NASDAQ:PAAS) reported record fourth quarter results and higher-than-expected annual silver production in 2025, driven in part by strong output at its Juanicipio mine, the company said in a preliminary production update on Wednesday. The company said attributable silver production reached 22.8 million ounces for the full year, exceeding its updated guidance range, and set a quarterly record with 7.3 million ounces produced in the fourth quarter.
Pan American Silver Corp. PAAS is having its moment in the spotlight as silver soars to all-time highs. This Zacks Rank #1 (Strong Buy) is expected to grow earnings by 66% in 2026.
Pan American Silver lifts its 2025 silver outlook to 22-25M ounces after Juanicipio gains, higher mine output and a strong start to the year.